Walmart’s (WMT) Clothing Division Gains UBS Confidence After NYC Pop-Up Visit
Walmart Inc. (NYSE:WMT) ranks among the stocks with low beta that can beat market volatility. UBS reaffirmed its Buy rating and $110 price target for Walmart Inc. (NYSE:WMT) on September 22 following a visit to the retailer’s clothing pop-up shop in New York City. During the visit, UBS reinforced its belief that Walmart Inc. (NYSE:WMT) has solid potential to grow its clothes division, which has recently been one of its better-performing segments within its general merchandise sector. UBS pointed out that ...